Component: (Network and Table)
Network
00400 - Statement - Consolidated Statements of Cash Flows
(http://imetrix.edgar-online.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001056943 (http://www.sec.gov/CIK)
Statement of Cash Flows [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Statement of Cash Flows [Abstract]
 
 
 
Cash flows from operating activities:
 
 
 
Net income
19,583,000  
17,723,000  
17,649,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation of premises and equipment
1,661,000  
1,595,000  
1,671,000  
Amortization of deferred loan costs
786,000  
603,000  
289,000  
Amortization of intangibles
1,186,000  
1,195,000  
1,334,000  
Amortization of loss on investment tax credits
477,000  
635,000  
248,000  
Provision for loan losses
5,000,000  
3,700,000  
3,524,000  
Net loss (gain) on sale of other real estate owned
137,000  
(132,000) 
(70,000) 
Net loss on disposal of equipment
 
87,000  
63,000  
Loans originated for sale
(26,708,000) 
(25,246,000) 
(11,376,000) 
Proceeds from sale of loans originated for sale
27,593,000  
29,604,000  
10,295,000  
Net gain on sale of loans originated for sale
(885,000) 
(872,000) 
(648,000) 
Net amortization of investment securities
3,635,000  
4,278,000  
4,292,000  
Net gain on sale of investment securities
(623,000) 
(1,189,000) 
(861,000) 
Life insurance investment income
(791,000) 
(767,000) 
(778,000) 
Deferred income tax expense
(1,442,000) 
(841,000) 
1,146,000  
Stock based compensation
71,000  
69,000  
70,000  
Net change in:
 
 
 
Accrued interest receivable
(432,000) 
(216,000) 
286,000  
Other assets
1,373,000  
(213,000) 
(4,860,000) 
Accrued interest payable
(98,000) 
(14,000) 
(149,000) 
Other liabilities
(2,470,000) 
(820,000) 
2,074,000  
Net cash provided by operating activities
28,053,000  
 
29,179,000  
 
24,199,000  
 
Cash flows from investing activities:
 
 
 
Proceeds from sales of investment securities available-for-sale
27,408,000  
81,983,000  
15,389,000  
Proceeds from repayments of investment securities:
 
 
 
Available-for-sale
53,128,000  
58,318,000  
47,149,000  
Held-to-maturity
1,561,000  
2,520,000  
2,576,000  
Purchases of investment securities:
 
 
 
Available-for-sale
(62,022,000) 
(90,402,000) 
(102,304,000) 
Net purchase redemption of restricted equity securities
(1,648,000) 
(1,716,000) 
415,000  
Net increase in lending activities
(195,408,000) 
(133,146,000) 
(35,996,000) 
Investment in low income housing investment tax credits
(2,045,000) 
(3,050,000) 
(1,366,000) 
Purchases of premises and equipment
(6,764,000) 
(4,420,000) 
(1,073,000) 
Proceeds from the sale of premises and equipment
 
14,000  
25,000  
Purchase of investment in life insurance
(1,500,000) 
  
Proceeds from sale of other real estate owned
933,000  
484,000  
750,000  
Net cash used in investing activities
(186,357,000) 
 
(89,415,000) 
 
(74,435,000) 
 
Cash flows from financing activities:
 
 
 
Net increase in deposits
132,947,000  
30,252,000  
46,051,000  
Proceeds from long-term debt
 
30,000,000  
 
Repayment of long-term debt
(2,220,000) 
(2,786,000) 
(3,603,000) 
Net increase in short-term borrowings
44,375,000  
18,768,000  
(2,495,000) 
Retirement of common stock
(604,000) 
(5,188,000) 
(109,000) 
Settlement of stock options
   
Reissuance of treasury shares
   
Purchase of treasury stock
   
Net cash provided by financing activities
165,328,000  
 
61,727,000  
 
30,352,000  
 
Net (decrease) increase in cash and cash equivalents
7,024,000  
 
1,491,000  
 
(19,884,000) 
 
Cash and cash equivalents at beginning of year
32,917,000  
31,426,000  
51,310,000  
Cash and cash equivalents at end of year
39,941,000  
 
32,917,000  
 
31,426,000  
 
Supplemental disclosures:
 
 
 
Cash paid during the period for:
 
 
 
Interest
7,349,000  
6,788,000  
6,791,000  
Income taxes
5,900,000  
4,200,000  
5,000,000  
Noncash items:
 
 
 
Transfers of loans to other real estate
757,000  
869,000  
593,000  
Retirement of treasury shares
  
6,300,000